DECEMBER 20239MANUFACTURING TECHNOLOGY INSIGHTSMarket Today's Manufacturing Facilities:No longer are factories "dark and dirty" but instead are brightly lit environments where employees engage with technologies such as robots, artificial intelligence (AI), and Internet of Things (IoT) devices. A 2022 Manufacturing Perception Study, from Deloitte and The Manufacturing Institute noted that manufacturers perform the majority (85%) of private sector Research & Development. And advanced manufacturing generates more than 85% of all US patents. Today's factory settings are what digital natives and growth mindset individuals prefer. Continuous Education:Business processes, as well as technologies, change often. Thus, growth-minded or digital native individuals desire not only frequent training but also one that is consistent with how they prefer to learn. The below chart shows the results of a survey completed by Mckinsey & Company, which highlights that the top reason employees quit their jobs is a lack of career development and advancement. Employees are looking for training that aligns with their learning modes. When new processes or technologies are deployed, firms must ensure that varying upskilling options are provided. There are four types of learners: auditory, visual, kinesthetic, and reading/writing. People use a combination of each learning method, but generally, they have a predominant learning style. Since individuals learn differently, a combination of onsite classroom training, online videos, or a hybrid approach that enables students to learn by doing, watching experts, or interacting with peers and teachers should be available for employees. Flexible Career Paths:No longer are individuals looking to do the same job as a career. Today, people change jobs every three years. The traditional career path shown in the above chart is no longer relevant. Instead, digital natives and growth-minded personnel align more with a non-linear career path illustrated in the below diagram. Digital natives and open-minded individuals look for opportunities that not only advance their careers in the same function or industry but also options to explore different areas of work. Digital upskilling the existing employee pool is key to successfully deploying smart factories. However, externally hiring digital natives and growth-minded individuals will accelerate your investment return. To attract these employees, firms should focus on providing flexible career paths, continuous learning opportunities, and showcasing today's high-tech factory environment. No longer are factories dark and dirty but instead are brightly lit environments where employees engage with technologies such as robots, artificial intelligence (AI), and Internet of Things (IoT) devices
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